Analysts Set Ermenegildo Zegna N.V. (NYSE:ZGN) Target Price at $12.51

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN) have received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.5125.

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ermenegildo Zegna in a report on Monday, April 20th. UBS Group reiterated a “buy” rating and issued a $14.50 target price on shares of Ermenegildo Zegna in a report on Friday, May 1st. Morgan Stanley assumed coverage on shares of Ermenegildo Zegna in a report on Thursday, February 12th. They issued an “equal weight” rating and a $11.00 target price for the company. TD Cowen upgraded shares of Ermenegildo Zegna from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Ermenegildo Zegna from a “hold” rating to a “buy” rating in a report on Saturday, May 9th.

Ermenegildo Zegna Price Performance

Ermenegildo Zegna stock opened at $14.41 on Friday. Ermenegildo Zegna has a 1-year low of $7.61 and a 1-year high of $14.45. The firm’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $10.84. The company has a quick ratio of 0.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.15.

Ermenegildo Zegna (NYSE:ZGN) last announced its earnings results on Friday, March 20th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The firm had revenue of $577.83 million for the quarter, compared to the consensus estimate of $1.17 billion. Research analysts expect that Ermenegildo Zegna will post 0.46 EPS for the current year.

Ermenegildo Zegna Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 29th. Investors of record on Monday, July 6th will be issued a dividend of $0.12 per share. This represents a yield of 99.0%. The ex-dividend date is Monday, July 6th.

Insider Buying and Selling

In related news, CEO Gianluca Ambrogio Tagliabue sold 19,105 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $13.12, for a total transaction of $250,657.60. Following the completion of the sale, the chief executive officer owned 167,720 shares in the company, valued at approximately $2,200,486.40. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alessandro Sartori sold 6,505 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $13.12, for a total transaction of $85,345.60. Following the sale, the director owned 142,237 shares of the company’s stock, valued at $1,866,149.44. This trade represents a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 31,378 shares of company stock worth $411,679. Insiders own 1.20% of the company’s stock.

Institutional Trading of Ermenegildo Zegna

Large investors have recently added to or reduced their stakes in the stock. Matauro LLC purchased a new position in Ermenegildo Zegna during the fourth quarter valued at approximately $2,099,000. Quantbot Technologies LP purchased a new position in Ermenegildo Zegna during the third quarter valued at approximately $1,076,000. Federated Hermes Inc. grew its stake in Ermenegildo Zegna by 38.3% during the third quarter. Federated Hermes Inc. now owns 304,206 shares of the company’s stock valued at $2,875,000 after acquiring an additional 84,206 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Ermenegildo Zegna during the third quarter valued at approximately $22,609,000. Finally, Temasek Holdings Private Ltd grew its stake in Ermenegildo Zegna by 114.5% during the third quarter. Temasek Holdings Private Ltd now owns 27,242,276 shares of the company’s stock valued at $257,440,000 after acquiring an additional 14,542,295 shares in the last quarter. Hedge funds and other institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.